ABT Announces Engagement of Marcum LLP as its Independent Auditors

Pasadena, CA, Feb. 17, 2016 -- ABT Holdings (OTC Pink: “ABOT,” or the “Company”) today announced that it has selected Marcum LLP (“Marcum”) as its independent registered public accounting firm commencing with its audits for the years ended December 31, 2015 and 2014. This engagement will also include the audit of Company’s subsidiary Scoobeez financial statements, which is an “On Demand” door-to-door logistics and delivery service company.

Imran Firoz, CFO and Director of the Company commented, “The intention of our audits is not only to provide an independent opinion to the shareholders on our financial statements but also to include them as part of becoming a fully reporting company by either filing a Form 10 or a Registration statement on Form S-1, which we plan to file with the Securities and Exchange Commission (“SEC”) upon completion of these audits.”

“We are extremely pleased to select Marcum as our independent registered public accounting firm. Marcum is a perfect fit for a holding company like ours that intends to have a diversified portfolio of companies and assets. Marcum brings in the experience and expertise with a proven track record to provide the comprehensive audit work and proactive advice as we achieve our growth strategy,” elaborated Shahan Ohanessian, CEO and Director of the Company.

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About Marcum LLP

Marcum LLP is one of the largest independent public accounting and advisory services firms in the nation, with offices in major business markets throughout the U.S., Grand Cayman and China. Headquartered in New York City, Marcum provides a full spectrum of traditional tax, accounting and assurance services; advisory, valuation and litigation support; and an extensive range of specialty and niche industry practices. The Firm serves both privately held and publicly traded companies, as well as high net worth individuals, private equity and hedge funds, with a focus on middle-market companies and closely held family businesses. Marcum is a member of the Marcum Group, an organization providing a comprehensive array of professional services.

About Scoobeez, Subsidiary of ABT Holdings

Based in Los Angeles, California, Scoobeez is a “Real Time Delivery” and “Same Day” door to door delivery service company that facilitates same day deliveries for enterprise clients. Scoobeez’s value proposition includes utilization of technologies, exceptional customer experience, and logistic creativity to deliver its clients’ products to their customers within the shortest possible time-frame. For more information, please visit Company’s website, click here. You may connect and follow Scoobeez on Facebook, Twitter and Instagram.

About AutoClaim App

AutoClaim App is a free mobile app that enables users to easily document their vehicle accident and manage the insurance claim process while giving them access to accident-related service providers. AutoClaim also provides users with valuable discounts and offers for automobile-related products and services. For more information, please click here.  

About the Company

ABT Holdings, Inc., is a diversified holding company engaged in acquiring, developing and growing various businesses that provide strategic advantages, generate attractive returns and significant free cash flow in order to maximize value of our shareholders.

Safe Harbor / Forward-Looking Statements

Certain statements in this press release are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may be identified by the use of forward-looking words such as “anticipate,” “believe,” “forecast,” “estimate,” “expect,” and “intend,” among others. These forward-looking statements are based on the Company’s current expectations and actual results could differ materially. There are a number of factors that could cause actual events to differ materially from those indicated by such forward-looking statements. These factors include, but are not limited to, substantial competition; our possible need for financing; uncertainties of technological changes; and dependence upon third parties. The Company does not undertake an obligation to update or revise any forward-looking statement. All of the Company’s forward-looking statements are expressly qualified by all such risk factors and other cautionary statements. The information set forth herein speaks only as of the date hereof.

Company’s Contact:

Imran Firoz, CFO

ABT Holdings, Inc.

OTC PINK: ABOT

225 S Lake Avenue | Suite 300 | Pasadena | CA 91101

T: +1 818.302.0100

E: [email protected]